Energy Up as Traders Bet on Oil-Price Rebound - Energy Roundup

Features Dow Jones Newswires

Shares of energy producers rose as traders bet oil futures would hold above $45 a barrel. Oil futures ticked down after OPEC said its output rose 1% to 32.14 million barrels a day in May, led by increases in Libya, Nigeria and Iraq, raising worries about the cartel's ability to police production targets.

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One brokerage said the international trade in natural gas continues apace. "Global liquefied-natural-gas trade continues to accelerate despite project delays with imports rising 10% year-over-year in the first quarter," said analysts at brokerage Morgan Stanley, in a research note.

(--By Rob Curran, rob.curran@dowjones.com)

(END) Dow Jones Newswires

June 13, 2017 16:19 ET (20:19 GMT)